Geithner’s Failed Accountability
President Obama, upon entering office, promised to make a difference by placing checks on the influence of lobbyists and ushering in greater accountability. In turn, Obama’s financial go-to-guy, Mr. Geithner, promised, upon being sworn in as Treasury Secretary, to implement rules that would prevent lobbyists from hijacking the bailout process.
And now, after the government has allotted $200 billion to the banking system and with just a hundred days left in the financial-industry bailout program that’s lasted six months so far, Mr. Geithner has yet to fulfill his promise.
I guess that’s change we can just keep believing in…